Bitcoin hits new highs with ETF excitement and Elon Musk's backing. Dive into the latest crypto craze!
Bitcoin has once again captured the spotlight, surging past the $54,000 mark amidst renewed investor interest. The flagship cryptocurrency experienced a 5% increase after a week of subdued trading, reaching its highest value since November 2021. This rally was fueled by unprecedented tailwinds, pushing Bitcoin prices to a 27-month high. Additionally, the introduction of Bitcoin ETFs has added excitement to the market, with cumulative flows reaching $4.8 billion in net purchases. The surge in ETF trading volumes indicates growing investor confidence in cryptocurrencies.
Elon Musk, known for his polarizing views, surprisingly sided with Bitcoin, calling it the "true currency." This endorsement from the Tesla billionaire, along with support from other prominent figures like Warren Buffett, further bolstered Bitcoin's position in the market. As Bitcoin surpassed the $55,000 milestone for the first time in late 2021, it demonstrated sustained investor demand, particularly through exchange-traded funds. The cryptocurrency's resilience and appeal are attracting a new wave of interest, with record volumes being traded in ETFs.
Despite the surge in Bitcoin prices, the market dynamics are complex. High volumes in ETF trading do not always translate to heavy buying, as indicated by the turnover ratio. While Bitcoin continues to break barriers, there are opportunities for cryptocurrency hedge funds to capitalize on the fluctuating funding rates. The current market environment presents a mix of excitement, uncertainty, and potential for strategic investments.
In summary, Bitcoin's recent rally, ETF surges, and high-profile endorsements are shaping the cryptocurrency landscape. The market's response to these developments highlights the growing influence of digital assets in traditional financial realms. As Bitcoin continues to make headlines with record-breaking highs, investors and enthusiasts alike are closely following its trajectory.
The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. The flagship cryptocurrency was last higher by 5% ...
Bitcoin prices rallied today, climbing to their loftiest value since November 2021 as "unprecedented" tailwinds push the cryptocurrency higher.
Cumulative bitcoin ETF flows since launch · So far, however, the new ETFs in aggregate are responsible for only about $4.8 billion in net bitcoin purchases — a ...
The world's largest cryptocurrency changed at around $54,900 — a gain of nearly 6% in one day — just after 3:00 p.m. Eastern Time Monday before dropping to ...
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.
The "turnover ratio" offers an indication of the proportion of a fund's assets traded each day.
Tesla billionaire Elon Musk and Berkshire Hathaway's chief executive Warren Buffett often disagree but they've found common ground over the "true currency.
(Bloomberg) -- Bitcoin retook the $55000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as ...
By Frances Yue. Bitcoin on Monday rallied to its highest level since November 2021, as exchange-traded funds investing directly in the cryptocurrency ...
BlackRock's spot bitcoin ETF saw record daily trading volumes Monday — another signal interest in such funds has not yet died down.
Cryptocurrency bitcoin hit a two-year high above $57000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped ...
Bitcoin retook the $57000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases ...
One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.
Crypto investing and software firm MicroStrategy disclosed a purchase of about 3000 bitcoins for $155 million on Monday.
BlackRock, Fidelity and other Wall Street firms have applied to launch ether ETFs.
The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the ...
Bitcoin surged as much as 6.8% Monday to hit $54446 as investors continue to fund bitcoin and ether investment vehicles.
Bitcoin topped $57,000 for the first time in more than two years on Tuesday, propelled by purchases from large investors and booming demand through ...
However, while bitcoin can be traded 24 hours a day, seven days a week, ETFs investing in the crypto follow the trading hours of U.S. stock market, which run ...
Bitcoin is on an 18-month path to $150000, led by unprecedented institutional adoption,” Bernstein analysts said today.
Crypto market rallies as bitcoin early Tuesday surged to its highest level since November 2021. Bitcoin ETFs jump, Coinbase breaks out.
Bitcoin retook the $57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases ...
A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.
By Frances Yue. Bitcoin rose above $57,000 on Monday to its highest level since November 2021, as exchange-traded funds investing directly in the ...
That was on display on Monday when the Amplify ETF surged more than 7% as bitcoin rallied. True, one day does not make a trend, but consider the following: ...
Binance Labs, the venture capital and incubation wing of Binance, has announced a strategic investment in Babylon, an innovative Bitcoin staking protocol.
Bitcoin soared more than 10%, while BlackRock's Bitcoin spot ETF broke records when it surpassed $1 billion in daily trading volume.
Bitcoin prices are on a tear once again, surging to the highest since November 2021 as the digital currency benefits from multiple bullish factors.
At halvings, the reward for bitcoin mining is cut in half, meaning miners will receive 50% fewer bitcoins for verifying transactions. Halvings are scheduled to ...
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Ordinals is a protocol that allows users create non-fungible tokens and crypto tokens on the Bitcoin blockchain. February's Bitcoin mark is a record for monthly ...
Bitcoin on Monday rallied to around $57000, just 17% away from its record high reached in November 2021.
MicroStrategy announced Monday that it added another $155 million worth of bitcoin to its balance sheet.